A business associate has suggested you use a “special method” for your VAT partial exemption calculation as it saves their business money. When can you use a special method and can it actually lower
your VAT bill?
Published 03.06.2019
If your business is partially exempt it isn’t entitled to reclaim 100% of the VAT it pays on certain costs. There are different ways of working out the unreclaimable amount. How can you use them to
reduce your VAT bill?
Published 22.02.2023
You’re selling your business premises and moving to another. The sale is VAT-exempt so you’re concerned that the partial exemption rule will apply and reduce the VAT you can reclaim on your general
costs. Is there a way you can prevent this?
Published 19.11.2021
As a partially exempt business the amount of VAT you can recover on purchases is restricted unless overridden by the de minimis rules. These can be applied in different ways, but which produces the
best outcome?
Published 13.05.2020
As a partially exempt business you’re required to review the VAT you’ve reclaimed over the previous twelve months and make an annual adjustment. What should you be looking out for to ensure you’ve
maximised your claim?
Published 19.01.2017
If your business makes VAT exempt and chargeable sales, you’ll soon need to make an annual adjustment to the amount you’ve reclaimed on purchases. How can you use this exercise to improve your cash
flow or even reclaim more VAT?
Published 02.05.2012
As your business is partially exempt for VAT purposes it’s required to make fiddly adjustments to its bookkeeping records when preparing VAT returns. How can you simplify these to save time and
effort?
Published 03.04.2024
If you operate associated businesses which make VATable and non-VATable supplies you might not be entitled reclaim all the VAT paid on purchases. What steps can you take to improve the position?
Published 31.08.2017
Where your business makes exempt and VATable supplies, new formulas were introduced last year for calculating the VAT you can reclaim on purchases. These might have saved you money. Is it too late to
go back and use them now?
Published 17.02.2011
The VAT rules that apply to the treatment of commission or fees for referring your customers to insurance products is a minefield. In what circumstances must you account for VAT and when can you
avoid it?
Published 24.02.2016